♦ Copyrights protect original works of authorship, such as literary works, music, dramatic works, pantomimes and choreographic works, sculptural, pictorial, and graphic works, sound recordings, artistic works, architectural works, and computer software. ♦ Copyright in India is governed by Copyright Act, 1957. ♦ As per this Act, copyright grants author’s lifetime coverage plus 60 years […]
Article explains what is Memorandum of Association (MOA), Clauses under Memorandum of Association, What is Article of Association (AOA) and What an Article of Association contains. MOA AND AOA OF A COMPANY UNDER COMPANIES ACT, 2013 MEMORANDUM OF ASSOCIATION (MOA): THE MEMORANDUM OF ASSOCIATION, as observed by Palmer, ‘is a document of great importance in […]
OVERVIEW OF BOARD COMMITTEE AUDIT COMMITTEE: Section 177 of the Companies Act, 2013 The Audit Committee is required to be formed by the following companies: 1. Every Listed Public Companies OR Every Public Companies with: 1. Paid up capital of Rs. 10 crores or more OR 2. Turnover of Rs. 100 crores or more OR […]
SECTION 173: 1. First Board Meeting of the Company shall be held within 30 days of the date of incorporation. 2. A minimum of four meetings shall be held every year and the gap between two such meetings shall not be more than 120 days. 3. Secretarial Standard on Board Meetings (SS-1) has been issued […]
Alteration In Charter Documents of The Company Alteration of Memorandum of Association Alteration In Charter Documents of Company – Alteration of MOA ALTERATION IN CHARTER DOCUMENTS OF THE COMPANY ALTERATION OF MEMORANDUM OF ASSOCIATION: 1. Change in Name clause: The name of the company can be changed by passing special resolution and with written approval […]
A Company Secretary is a key managerial personal in the organisation who is entrusted with all the legal aspects of a business enterprises. The main role of CS in an organisation is auditing the company’s tax returns maintaining and, keeping books of accounts, advising the board of directors regarding the financial and legal risks of […]
OVERVIEW OF DIRECTORS IN A COMPANY MEANING: According to Section 2(34) of the Companies Act, 2013 a director is director who is appointed to the Board of the company. According to Section 2(10) of the Companies Act, 2013 Board or Board of Directors in the company means the altogether body of the directors of the […]
SECTION 149 of Companies Act, 2013: Section 149 of the Companies Act, 2013 states minimum and maximum number of the director that shall be in the company. The minimum number of directors in a private limited company is 2, for public limited it is 3 and for an OPC its1. However, maximum number of directors […]
TIME, VALUE & PLACE OF TAXABLE SUPPLY WHY IT IS IMPORTANT TO KNOW TIME, VALUE AND PLACE OF SUPPLY? ♦ TIME OF SUPPLY: It means the point of time when it is considered to be supply of goods or services, if the seller knows the exact time then it will help him to recognize the […]
NOTICE: If any person is receiving notice then they need to act on the notice. Recently CBDT which is known as Central Board of Direct Tax has launched the scheme that is termed as Centralized Communication Scheme, the scheme says that all the communication shall be made in electronic mode. There are different types of […]
